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INFLATION DROPS TO 2.4% IN APRIL

Hungary’s annual consumer price index dropped to 2.4% in April from 3.9% in the previous month, the Central Statistical Office (KSH) said. Prices in the category of goods that includes vehicle fuel dropped by 7.7% as fuel prices plunged by 22.7% due to the lockdown. Food prices grew by 8.7%, the biggest rise in years. Prices of tobacco and spirits rose by 7.2% because tax changes. The price of services increased by 3%.
Harmonised for better comparison with other European Member states, CPI stood at 2.5%. Core inflation, which excludes volatile fuel and food prices, was 4.3%. In a month-on-month comparison, consumer prices fell by 0.6% in April.